BEL information 8.87% improve in turnover

Defence PSU Bharat Electronics Limited (BEL) Wednesday introduced that its turnover had elevated to Rs 15,044 crore (audited) in 2021-22 from Rs 13,818 crore in 2020-21 registering a progress of 8.87 per cent. The firm stated its turnover from indigenous know-how is 78 per cent.

BEL’s Chairman & Managing Director Anandi Ramalingam stated the order ebook as on April 1, 2022, is round Rs 57,570 crore. “We expected a growth of 10-15 per cent but due to a global chip shortage, a pandemic and the geo-political situation has affected the logistics. It is to be noted that the expenditure on research and development (R&D) has been increased from Rs 873 crore in 2020-21 to Rs 1,045 crore in 2021-22. We also achieved a market capitalisation of Rs 60,000 crore. It is significant to state that the BEL’s turnover from indigenous technology is 78 per cent. The sales from defence business is 88 percent,” Ramalingam stated.

Highlighting BEL’s achievements, she added that final 12 months the primary prototype of the Universal Driver Training Simulator for Rolling Stock (i-UDTS) was inaugurated by the Delhi Metro Rail Corporation (DMRC) and BEL. “This is indigenously developed. Prior to this, driver training simulators were being imported by DMRC from a foreign OEM. We have diversified into a non-defence business which includes rail and medical electronics,” the CMD added.

Some of the flagship tasks executed throughout FY 2021-22 have been Missile Systems (Air Defence Weapon System & LRSAM), Command & Control Systems, Communication and Encryption merchandise, numerous Sonars, Electro-optic Systems, Fire Control Systems, Gun Upgrades, numerous Radars, Electronic Warfare Systems, Coastal Surveillance System, Unmanned Systems, HomeLand Security Systems, Smart City tasks, Ok-FON, Medical Electronics, and many others.

In December 2021, the Light Combat Aircraft (LCA) Tejas Mk1A programme obtained a shot within the arm as BEL obtained an order value Rs 2,400 crore from Hindustan Aeronautics Limited (HAL) for the manufacture and provide of 20 sorts of airborne digital methods to be fitted on the fighter plane. The order for provide of Avionic Systems for 83 Tejas MK1A fighter plane will likely be executed by two Strategic Business Units (SBUs) of BEL: Electronic Warfare & Avionics, Bengaluru, and BEL-Panchkula, Haryana. All the methods will likely be delivered by BEL to HAL in a ready-to-board situation.

It additionally obtained orders for the Electronic Voting machine, weapon finding radar, gun digital improve, superior digital warfare vary and many others.

Ramalingam stated that as part of its offset commitments beneath the C295 plane programme of the Government of India, Airbus Defence and Space has signed a contract with BEL for the manufacture and provide of Radar Warning Receiver (RWR) and Missile Approach Warning System (MAWS). The export order is value $ 93.15 million.

Speaking with The Indian Express she stated, “The future thrust areas of the BEL are Quantum Cryptography, high power lasers, drone guard systems, AI-based products, unmanned systems, geospatial analytics, intelligent process automation etc. We have signed MoUs with the tri services (Indian Army, Indian Navy and Indian Air Force) towards technology cooperation and innovation. In the areas of radars, electronic warfare systems, robotics and weapon systems we have signed licenses for transfer of technology (LA ToT) with the Defence Research Development Organisation (DRDO).”

She additional stated that the corporate spent round Rs 465 crore in 2021-22 as capital expenditures (CAPEX) funding in direction of modernisation of plant and equipment, take a look at devices, R&D investments and infrastructure upgradation. “The facilities that were established during the period include infrastructure and test facilities for Long Range Surface to Air Missile (LRSAM), augmentation of facilities for AKASH missile systems, regional product support centres and virtual desktop infrastructure,” Ramalingam added.

In the 12 months 2021-22, BEL collaborated with new native companions, together with Kenya, Chile, Suriname, Malaysia, Nepal and Bangladesh.